Drexel Burnham Lambert Inc.

BRIEFCASE

February 23, 1989

CASINO BAN. Drexel Burnham Lambert Inc. was banned Wednesday from New Jer sey's lucrative gaming industry because of criminal charges against the investment firm in a major Wall Street scandal. The state Casino Control Commission voted 4-0 to order Drexel to rescind its current business with three casino holding companies and refrain from new business. The temporary ban applies at least until resolution of the criminal case and Drexel's application for a state license to do business in Atlantic City.